The chapter explores questionable financial practices in venture capital, drawing parallels to gambling behaviors. It delves into fund movements, potential commingling of funds, and the repercussions of not following industry standards. Discussions include SEC investigations into unusual fee structures at VC firms and the implications of regulatory changes on the venture industry.
First, Jason and Molly cover the news of Alumni Ventures Group getting charged by the SEC for misleading investors about their management fees (1:56). AVG had to repay $4.7M to investors and paid $800,000 in a settlement. Next, we briefly touch on Index Ventures stopping their investments in Russia (24:56).
Then, Radiant Energy Fund Managing Director Mark Nelson joins to make the case for nuclear power and explain why many countries have chosen to decrease their nuclear capacity (40:03).
(00:00) Jason and Molly intro the show: AVG pays 800K in penalties, Index halts Russian startup investments, interview w/ Mark Nelson on nuclear energy
(01:56) Alumni Venture Group pays 800K in penalties to SEC
(10:42) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(11:49) Jason's prediction for what happened at Alumni Venture Group
(23:33) Mercury - Banking built for startups. See more at https://mercury.com/twist
(24:56) VC Firm Index Ventures halts startup investments in Russia
(38:35) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist
(40:03) Nuclear activist Mark Nelson on the future of nuclear energy (@energybants)
(56:41) How Germany abandoned nuclear
(1:03:31) Are Nuclear reactors aged beyond repair?
(1:10:49) What France got right
(1:29:41) Ways you can get involved with This Week in Startups & Launch
FOLLOW Mark: https://twitter.com/energybants
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood